385 Lakes Creek RoadKoongal QLD 4701
Property Details for 385 Lakes Creek Rd, Koongal
Last Listing description (July 2018)
Country Pub with 10 Boarding rooms upstairs or redevelopment site, the price will surprise, owner needs it sold!!
An opportunity now exists to purchase this hotel in this high traffic exposed, North Rockhampton location. Positioned on a very generous 1,608*m2 corner allotment on two titles, the site boasts a two storey Hotel and fully concreted, expansive carpark with dual street access driveways.
The Hotel has a main bar, a bistro / function room area and 10 boarding rooms upstairs. There is also potential for re-opening a drive through bottle shop~^ with a second cold room.
The site also has enormous potential if demolished for a redevelopment site~ in the future.
1,608*m2 corner allotment on two titles
Two storey Hotel
Large concreted carpark, dual access
Main bar and cold room with beer taps
Bistro / Function room with second bar
10 Boarding rooms, lounge, toilet and bathroom facilities upstairs
Second cold room in old drive through area
Redevelopment Potential~
*approx.
~STCA - Subject to Council Approval
^Subject to liquor licencing laws
***photos for display purposes, taken mid 2016.
Property History for 385 Lakes Creek Rd, Koongal, QLD 4701
- 18 Jul 2018Sold for $137,500
- 30 May 2017Listed for Sale $185,000 + GST
- 28 Jun 2016Sold for $200,000
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0About Koongal 4701
The size of Koongal is approximately 4.4 square kilometres. It has 8 parks covering nearly 16.8% of total area. The population of Koongal in 2011 was 4,727 people. By 2016 the population was 4,276 showing a population decline of 9.5% in the area during that time. The predominant age group in Koongal is 0-9 years. Households in Koongal are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Koongal work in a labourer occupation. In 2011, 59% of the homes in Koongal were owner-occupied compared with 59.8% in 2016.
Koongal has 2,067 properties. Over the last 5 years, Houses in Koongal have seen a 111.67% increase in median value, while Units have seen a 24.73% increase. As at 30 September 2024:
- The median value for Houses in Koongal is $415,532 while the median value for Units is $243,029.
- Houses have a median rent of $475 while Units have a median rent of $350.
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